Today, Gold Shovel Standard, a non-profit association created for the purpose of expanding the Gold Shovel Standard program, announced that PG&E, Xcel Energy, Kinder Morgan and Dominion Virginia Power have joined together as foundational members to further develop and promote the use of Gold Shovel Standard throughout North America.
Gold Shovel Standard is a first-of-its-kind, two-part excavation safety program. Gold Shovel Standard both certifies an excavator’s policies and procedures against the Gold Shovel Standard, and publishes a score or rating, known as an EICO™ score, which is an ongoing measure of an excavator’s excavation-safety-worthiness. It is a novel and ambitious program on a North American scale to dramatically reduce damages from excavation to buried asset networks.
Sometimes referred to as “Experience Modifier for Excavation Safety,” the program is actively engaging insurance carriers to begin relying on the performance data when setting insurance rates of excavators. Similarly, EICO scores are a valuable tool available to municipalities and telecom companies in reducing the frequency of damage to their buried assets.